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Disability Insurance Policy Options La Vergne TN

Disability insurance varies widely. Some features of the policy may add value for you or may not. As usual, you must weigh your risk. Always remember that anything that increases risk for the insurance company will increase cost for you. So, if you want a larger percentage of your salary in benefit, it will cost you more.

Roger Graham
2400 Crestmoor Rd
Nashville, TN
Company
Title: Vice President
Company: Financial Strategies Inc.
Type
Investment Advisor Rep: Yes
Education
University of North Carolina - BS Business Administration
California State University Sacramento - MBA
Years Experience
Years Experience: 27
Service
Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,Life Settlements,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Pl

Data Provided by:
AmerplanUSA
(615) 333-1337
Affordable Heathcare
Nashville, TN
 
Insphere
(615) 364-7030
215 Centerview Dr. Suite 100
Brentwood, TN
 
Brooks Financial Corporation
(615) 347-9811
PO Box 121317
Nashville, TN
 
BlueCross BlueShield Of Tennessee
(615) 386-8500
3200 W End Ave
Nashville, TN
 
United American Insurance
(615) 360-8553
1100 Kermit Dr
Nashville, TN
 
Benefit Solutions Inc
(615) 833-3078
5722 Hickory Plz
Nashville, TN
 
AFFORDABLE HEALTH INSURANCE
(615) 830-1167
104 East Park Blvd
Brentwood, TN
 
Blue Cross & Blue Shield
(615) 386-8516
3200 W End Ave
Nashville, TN
 
Blue Cross & Blue Shield Assoc
(615) 361-1295
225 Mcmillan St
Nashville, TN
 
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Disability Insurance Policy Options

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Disability Insurance Policy

Disability insurance varies widely. Some features of the policy may add value for you or may not. As usual, you must weigh your risk. Always remember that anything that increases risk for the insurance company will increase cost for you. So, if you want a larger percentage of your salary in benefit, it will cost you more. If you want a cost of living adjustment on your benefit's if they extend beyond a year or two, this will also cost you more. Anything that you do that requires the insurance company to adopt more risk will cost you more in premium.

There are a number of questions to ask yourself as you examine a potential policy. However, one of the most critical is to find out how disability is defined. Pay very close attention to this.

Some policies will pay benefit's as soon as you can't do the work of your regular job because of illness or accident. However, others only pay if you can't do ANY job suitable for your education and experience. This could mean that you are forced to take a job well below your current jobs income potential and yet you won't qualify for benefit's to top you up to your former salary. This is something to think about. If you don't have some kind of coverage that will continue while you are both job-hunting and completing your recovery, you could be in a significant financial bind.

Further, some policies will define disability in terms of your existing job for only a limited period say 2 or 3 years and then will expect you to retrain for another occupation. You may get benefit's while you re-train, but you may not. In any case, your benefit's will cease. Again, you must consider if this is the kind of coverage that will work for you and your family.

The Cadillac policy is to have payments continue for your lifetime. Obviously, any policy that would pay you for a lifetime after an incapacitating illness or accident will be more expensive. You will have to decide if that makes sense for you ...

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